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OFA Group Clarifies Scope and Positioning of Hearth Platform as Non-Custodial Technology Infrastructure
Globenewswire· 2026-01-27 00:25
Core Insights - OFA Group clarifies the scope and functionality of its Hearth platform, emphasizing its role as a non-custodial technology infrastructure for digital record-keeping and workflow coordination related to real-world assets [1][2]. Platform Nature - Hearth is operated by Hearth Labs, Inc., a wholly owned subsidiary of OFA Group, and is designed exclusively as a non-custodial, technology-only infrastructure platform [3]. Platform Functionality - At launch, Hearth's functionality is limited to technology services, with all asset ownership, financing, issuance, and investor engagement activities occurring outside the Hearth platform [5]. Relationship to OFA-Affiliated Assets - OFA-affiliated entities may use Hearth solely as a technology tool for internal data coordination and record-keeping, without implying any issuance or marketing of securities [6]. Tokenization Clarification - Digital tokens generated through Hearth function solely as non-fungible tokens (NFTs) for record-referencing and audit-support purposes [7]. Restrictions on Platform Operations - Hearth does not hold, custody, or control funds or assets, nor does it act as an issuer, distributor, or broker [8]. - The platform does not represent securities or financial instruments and is not designed for secondary trading or speculative use [9]. Forward Platform Development - OFA Group is evaluating potential future enhancements to Hearth strictly within a technology-infrastructure framework, with no current plans for secondary trading or investor-facing marketplace functionality [10]. Strategic Context - Hearth is part of OFA Group's initiative to modernize internal systems and digital infrastructure, aimed at enhancing transparency and operational coordination across asset lifecycles without engaging in regulated financial activities [11].